People think inflation is rising prices. It isn't. We only try to measure it that way because it's impossible to measure quantity of money and credit in the fiat system, as Volcker found out, especially amid the Eurodollar system. Inflation is the increase in supply of money (and credit).

>People think inflation is rising prices. What kind of disgusting Keynesian propaganda has brainwashed you? Central banks create fiat out of thin air (put it into debt) and create inflation which in fact is a theft from ordinary people. Central banks financially enslave ordinary people by creating fiat out of thin air. You need to study economics harder, maybe read about Cantillion effect. "Cantillion’s contribution to monetary policy is just as important today. In Essai, Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money. Namely, when you print money, it causes more pounds to chase fewer goods, pushing up the average cost resulting in inflation. His theory has been dubbed ‘The Cantillion effect’, and is a lesson to us all on the effects of inflation ‘financing the financiers’. "

Adam Smith Institute

The Cantillion Effect — Adam Smith Institute

The conventional history of economics usually starts with Adam Smith, David Ricardo and J. S. Mill. But there is one who came before, who might des...

He was being supportive of your pov and stating tail emissions are inflation.

Okay but also saying that inflation is not rising prices with is not true.

What he said, which happens to be the austrian economics view, is that rising prices are the effect of inflation, which happens when the government debases the currency. If inflation is rising prices, merchants are to blame. If inflation is currency debasement, the goverment is to blame. I'm literally quoting Friedman.

The second sentence is in question. In free market merchants compete. A merchant to rise prices need to be a monopoly. This is what I am finding. "Merchants often adjust prices based on their costs and market conditions. While they may raise prices in response to increased costs, many have also been accused of price gouging, maintaining high prices even when their costs decrease. For example, companies in the diaper industry have kept prices high despite a drop in production costs." But I will quote Cantillon again: "Cantillon provided an advanced version of John Locke's quantity theory of money, focusing on relative inflation and the velocity of money. Namely, when you print money, it causes more pounds to chase fewer goods, pushing up the average cost resulting in inflation."

Well, if you've accepted the cantillion effect, you're well underway. I would refer you to rothbard's "what has the goverment done to our money" for further understanding.

I think you misunderstood him, the first sentence is confusing but did you read the rest of what he wrote because I gathered he meant that inflation makes people think things are getting more expensive.

Nope. Bitcoin is the best weapon against Zionists, against the fiat based debt enslavement system and against central bakers who enforce it. Bitcoin is THE Global Most Secure Decentralized Unconfiscatable Peer-to-Peer Scarce Hard Sovereign Freedom Money, The Greatest Store of Value and The Strongest Hope for Humanity.

true

Also you may like Nick Szabo's point of view who is a MAJOR BITCOIN OG just sayin' ... https://xcancel.com/NickSzabo4/with_replies

There's nothing wrong with a tail emission, even if you let the normal Bitcoin supply run on as is by the time the "21 millionth coin" is minted, the outstanding supply will be drastically lower. It's been only 17 years, and 17% of Bitcoin is already lost, by 2130 most Bitcoin would be gone by then leaving little to none to circulate. That's about 1% of Bitcoin lost per year, so in 100 years all Bitcoins would be lost, ignoring Satoshis coins which are unlikely to come back in circulation. There will never be 21 Million Bitcoin exactly, no matter how you slice it.

You can enjoy tail emissions on Monero and I have nothing against that. Other than that, FUD is not fun. Bitcoin is limited to maximum of 21 Million Bitcoins forever. And that is great!

Who is "they"? Citrea? The shitcoiners? Okay you are right - "They never cared about the technology, P2P trade, individual sovereignty, or freedom, they only care about their fiat bags, and making themselves richer in fiat." Again. Bitcoin is limited to MAXIMUM of 21 Million Bitcoins forever. And that is great!

When's the last time you've used Bitcoin to buy, or sell something?

this is the same fiat minded gdp thinking. just because you have more profits doesn't mean there's more blood to suck out of the system. just because you have lost coins doesn't mean you should keep printing. that's the whole reason bitcoin exists. 1bitcoin = 1bitcoin. best thing you can do is adding more decimal points to bitcoin, so it can keep halving for a longer time.

I use it semi-regularly to pay for vpn services but I zap Bitcoin and get Bitcoin zaps every day. I have bought things with Bitcoin too. But I also hodl most of my savings in Bitcoin.

Absolutely!

YESTERDAY, NOW GFY

I agree. There is Bitcoin with its philosophy, there is Monero with its philosophy and many more. Let their be a thousand different flowers to choose from aka ways to hedge and for the market to value different things for different needs.

There is everything wrong with a tail emission. There is also 2.1 quadrillion sats, plenty of unts to keep using.

I'll save this one for a rainy day for sure. lol

Go fuck yourself